Change - Announcement of Appointment::APPOINTMENT OF NON-EXECUTIVE AND INDEPENDENT DIRECTOR

Issuer & Securities

Issuer/ Manager
ADVANCED SYSTEMS AUTOMATION LIMITED
Securities
ADVANCED SYSTEMS AUTOMATION - SG2E65980228 - 5TY
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
30-Aug-2021 21:22:40
Status
New
Announcement Sub Title
APPOINTMENT OF NON-EXECUTIVE AND INDEPENDENT DIRECTOR
Announcement Reference
SG210830OTHRUHSH
Submitted By (Co./ Ind. Name)
DATO' SRI MOHD SOPIYAN B MOHD RASHDI
Designation
CHAIRMAN
Description (Please provide a detailed description of the event in the box below)
This announcement has been reviewed by the Company's sponsor, SAC Capital Private Limited ("Sponsor").This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited ("SGX-ST") and the SGX-ST assumes no responsibility for the contents of this announcement,including the correctness of any of the statements or opinions made, or reports contained in this announcement.

The contact person for the Sponsor is Ms Tay Sim Yee (Tel: (65) 6232 3210) at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542.

Additional Details

Date Of Appointment
30/08/2021
Name Of Person
CHONG MAN SUI
Age
64
Country Of Principal Residence
Hong Kong
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Following Dr Kenneth Yu Keung Yum's retirement as Independent Director of the Company with effect from 31 May 2021, the Company had been searching for a replacement to fill the position.

After reviewing Mr Chong Man Sui's ("Mr Chong") credentials and working experience, the Nominating Committee recommended his appointment as a Non-Executive and Independent Director to the Board. The Board considered and accepted the Nominating Committee's recommendation to appoint Mr Chong as a Non-Executive and Independent Director and is of the opinion that he is suitable to assume the said roles.
Whether appointment is executive, and if so, the area of responsibility
Appointment is non-executive.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-executive and Independent Director.
Professional qualifications
Bachelor of Science in Engineering.
Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or any of its principal subsidiaries
None.
Conflict of interests (including any competing business)
None.
Working experience and occupation(s) during the past 10 years
2001 to 2016 - Marketing Director of Dragon Technology Distribution (HK) Limited.
Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6))
Yes
Shareholding interest in the listed issuer and its subsidiaries?
No
# These fields are not applicable for announcements of appointments pursuant to Listing Rule 704 (9) or Catalist Rule 704 (8).
Past (for the last 5 years)
Acetech Solutions Limited
Eocell Limited
Smart Baylink Limited
Excelgood Holdings Inc.
Flex-In Electronics Macao Commercial Offshore Ltd
Telford Shanghai*
Flexcomm Ltd
FE Global Shanghai Limited*
Dragon Trading (Shanghai) Co., Ltd
Flexcomm Technology (Shenzhen) Ltd
Flex-In Electronics Limited
Dragon Technology Distribution (HK) Ltd
FE Global Hong Kong Limited
FE Global (North Asia) Limited

* Legal Representative

Note: Mr Chong held Non-Executive directorships in these companies
Present
ASTI Holdings Limited
ASTI HK Limited Co., Ltd
Dragon Rises Limited
Telford Holding HK Limited
EoPlex Limited
Nanjing Dragon Tourism and Management Co., Ltd*
Dragon Venture Limited
Dragon Equipment and Materials Technology Ltd
Jiangsu Longjiang Ship Building Co., Ltd*
Nanjing Dragon Treasure Boat Development*
KSMC Limited
Fengshuang Holdings Ltd
Pixiu Holdings Ltd

* Legal Representative

Note: Mr Chong holds Non-Executive directorships in these companies
(a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner?
No
(b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency?
No
(c) Whether there is any unsatisfied judgment against him?
No
(d) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose?
No
(e) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach?
No
(f) Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part?
No
(g) Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust?
No
(h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust?
No
(i) Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity?
No
(j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :-
(i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or
No
(ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or
No
(iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or
No
(iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust?
No
(k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere?
No
Any prior experience as a director of an issuer listed on the Exchange?
Yes
If Yes, Please provide details of prior experience
Mr Chong is currently a Non-Executive and Non-Independent director of ASTI Holdings Limited.

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